Vocabulary. consumer spending –потребительские расходы

consumer spending – потребительские расходы

gross domestic product – валовой внутренний продукт

gross national product – валовой национальный продукт

interest rate – ставка процента

balance of trade – торговый баланс

8. Give Russian equivalents:

9. Choose words from the list to fill in the gaps, then use them to make sentences:

variable, technological, interest, raw, secondary, gross domestic, economic, consumer

10. Answer the questions:

1. What is an economy?

2. What does an economy include?

3. What factors does an economy involve?

4. How do these factors influence an economy?

5. What are the core components in the economy?

6. What are the four main sectors of economic activity?

7. What do they involve?

8. How is economic activity of a nation measured?

9. What is GDP?

11. Make notes under the following headings:

An Economy, Sectors of economic activity, Economic activity measure.

Close your books, look at your notes an talk about economy.

Unit 4

Company

1 (5). Listening. Listen and practice.

Companies are involved in many activities, for example buying, selling, marketing and production, in a range of different industries, such as information technology, telecommunications, film, and car manufacture. Many well-known companies are multinationals, these are companies which operate in a number of countries.

Multinationals often have a complicated structure. There is usually a parent or holding company. This company owns other companies or parts of other companies. These other companies are called subsidiaries.

Translate the following words.

Factory, clothes shop, restaurant, bank, supermarket, mall, insurance company, plant, beauty salon, chain shop, specialist retailer, fitness club, library, hypermarket, swimming pool.

Put places above in the correct group. Add more for each sector.

4. Reading. Read the article. Which of the following best describes the subject of the article?

1. Designer glasses in China.

2. The price of Italian sunglasses.

3. A company that manufactures and retails glasses.

New vocabulary: